HVT vs QQQ: Correlation
Haverty Furniture Companies, Inc. (HVT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HVT and QQQ?
Across a 3-year window, the weekly returns of HVT and QQQ correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 219.6 %².
Out of 17 assets tracked against HVT, QQQ lands near the bottom at #14. Their 12-month results are close: +26.5% for HVT against +26.3% for QQQ. Note the risk asymmetry: HVT runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HVT vs QQQ: side by side
| HVT (Haverty Furniture Companies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.5% | +26.3% |
| 5-year return | +8.2% | +95.4% |
| Volatility (ann.) | 34.8% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -50.1% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 4.81% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | HVT | QQQ |
|---|---|---|
| 2022 | +4.8% | -32.6% |
| 2023 | +27.2% | +54.9% |
| 2024 | -34.4% | +25.6% |
| 2025 | +11.2% | +20.8% |
| 2026 | +22.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and QQQ good diversifiers for each other?
Reasonably. At 0.32, HVT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HVT and QQQ?
As of 2026-08-27, the correlation of weekly returns between HVT and QQQ is 0.32 over 3 years, 0.31 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for HVT?
Reasonably. At 0.32, HVT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HVT correlations · QQQ correlations
